Acquisition

Man Group PLC
30 April 2001

                         Man Group plc ('Man Group')
                                      
             Acquisition of Australian Futures Brokers Business
                                      
Man  Group,  the international Financial Services group, has today  acquired
the  Australian  retail futures broker, Ord Minnett Jardine Fleming  Futures
Ltd ('Ords Futures') from JP Morgan.

Ords  Futures  is  one  of Australia's premier futures  and  margin  foreign
exchange  brokers  and has offices in Sydney and Brisbane providing  clients
with  a  full range of broking services and trading facilities.  Over  4,500
retail client accounts are being acquired by Man together with net assets of
approximately A$6m (£2.1m).

The  acquisition will form part of Man's brokerage business, Man  Financial,
which  is  one  of  the world's leading providers of brokerage  services  in
futures  and  options  to both institutional and private  clients,  offering
advice,   execution  and  clearing  services.  Man  Financial  is  also   an
intermediary in the world's metals, foreign exchange and equities markets.


Commenting  on the acquisition, Stanley Fink, Chief Executive of Man  Group,
said:

'This  acquisition continues the Group's strategy of further development  in
its  global coverage in futures broking, and provides Man Financial  with  a
strong  presence in the Australian market. This acquisition also complements
the  acquisition  by the Group's asset management business,  Man  Investment
Products,  in  November  last year of Ord Minnett Strategic  Investments,  a
distributor of alternative investment funds based in Sydney.'

                                      
                                      
Enquiries

Man Group                                        020 7285 3000
Stanley Fink                                  
                                              
Gavin Anderson                                   020 7457 2345
Lindsey Harrison                              
Victoria Jackson